DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company's Series A preferred stock on the close of business on March 31, 2023.
About Franchise Group, Inc.
Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group's business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Badcock Home Furniture & more, Buddy's Home Furnishings, Sylvan Learning and Wag N Wash. On a combined basis, Franchise Group currently operates over 3,000 locations predominantly located in the U.S. that are either Company-run or operated pursuant to franchising and dealer agreements.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including the Company's expectations regarding payments of dividends in the future. Such forward-looking statements are based on various assumptions as of the time they are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are often accompanied by words that convey projected future events or outcomes such as "expect," "believe," "estimate," "plan," "project," "anticipate," "intend," "will," "may," "view," "opportunity," "potential," or words of similar meaning or other statements concerning opinions or judgment of the Company or its management about future events. Although the Company believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of the Company will not differ materially from any projected future results, performance or achievements expressed or implied by such forward-looking statements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, many of which are beyond the control of the Company. We refer you to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's Annual Report on Form 10-K for the period ended December 31, 2022, and comparable sections of the Company's Quarterly Reports on Form 10-Q and other filings, which have been filed with the SEC and are available on the SEC's website at www.sec.gov. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or its business or operations. Readers are cautioned not to rely on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made and the Company does not undertake any obligation to update, revise or clarify these forward-looking statements, whether as a result of new information, future events or otherwise.
INVESTOR RELATIONS CONTACT:
Andrew F. Kaminsky
EVP & Chief Administrative Officer
Franchise Group, Inc.
akaminsky@franchisegrp.com
(914) 939-5161
俄亥俄州特拉华州,2023年2月28日(环球网)--特许经营集团股份有限公司(纳斯达克代码:FRG)(以下简称“特许经营集团”或“公司”)今天宣布,董事会批准向A系列累积永久优先股股东派发每股0.46875美元的季度股息。现金股息将在2023年4月14日左右支付给2023年3月31日交易结束时登记在册的公司A系列优先股持有人。
关于特许经营集团公司
特许经营集团是特许经营和可特许经营业务的所有者和运营商,该集团不断寻求扩大其品牌组合,同时利用其运营和资本配置理念为其股东创造强劲的现金流。特许经营集团的业务包括宠物用品、美国货运、维他命商店、Badcock家居及更多、巴迪家居、Sylvan学习和Wag N Wash。在合并的基础上,特许经营集团目前经营着3000多个地点,主要位于美国,这些地点要么由公司经营,要么根据特许经营和经销商协议经营。
前瞻性陈述
本新闻稿包含符合1995年私人证券诉讼改革法的前瞻性陈述。前瞻性陈述包括但不限于对未来事件或结果的预测、预测、期望或信念,不是历史事实的陈述,包括公司对未来股息支付的预期。这类前瞻性表述是以作出这些表述时的各种假设为基础的,固有地会受到已知和未知风险、不确定因素和其他因素的影响,这些因素可能会导致实际结果、业绩或成就与此类前瞻性表述明示或暗示的未来结果、业绩或成就大不相同。前瞻性陈述往往伴随着表达预期未来事件或结果的词语,如“预期”、“相信”、“估计”、“计划”、“项目”、“预期”、“打算”、“将会”、“可能”、“观点”、“机会”、“潜在”或类似含义的词语或其他有关公司或其管理层对未来事件的意见或判断的陈述。尽管公司相信其对前瞻性陈述的预期是基于其对其业务和运营的现有知识范围内的合理假设,但不能保证公司的实际结果、业绩或成就不会与此类前瞻性陈述明示或暗示的任何预期的未来结果、业绩或成就大不相同。未来的实际结果、业绩或成就可能与历史结果或预期结果大不相同,这取决于各种因素,其中许多因素超出了公司的控制范围。我们建议您参考公司截至2022年12月31日的10-K表格年度报告中的“风险因素”和“管理层对财务状况和经营结果的讨论和分析”部分,以及公司10-Q表格季度报告和其他文件中的可比章节,这些章节已提交给美国证券交易委员会,并可在美国证券交易委员会的网站www.sec.gov上查阅。本新闻稿中的所有前瞻性陈述都明确地受到本文所含或提及的警告性陈述的限制。预期的实际结果或发展可能不会实现,或者即使实质性实现,也可能不会对公司或其业务或运营产生预期的后果或影响。告诫读者不要依赖本新闻稿中包含的前瞻性陈述。前瞻性陈述仅在作出之日发表,公司不承担任何义务来更新、修改或澄清这些前瞻性陈述,无论是由于新信息、未来事件或其他原因。
投资者关系联系人:
安德鲁·F·卡明斯基
执行副总裁兼首席行政官
特许经营集团公司
电子邮箱:akamin sky@securisegrp.com
(914)939-5161